secwatch.observer — SEC 8-K summary
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Issuer:     CV Sciences, Inc. (CVSI)
CIK:        0001510964
Form:       8-K
Filed at:   2026-04-10T23:59:59+00:00
Accession:  0001193125-26-151228
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CV Sciences issues $99,614 senior secured convertible note; conversion price cut to $0.03
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- Issued $99,614.04 senior secured convertible note due July 6, 2027 to an institutional investor.
- April 9, 2026 amendment reduced fixed conversion price on prior notes from $0.06 to $0.03 per share.
- Third Note conversion price fixed at $0.03 (lesser of $0.03 and prior-day closing price of $0.04).
- No interest accrues unless Event of Default; then 18% late fee per annum applies.
- Conversion subject to 4.99% beneficial ownership limitation (can be increased to 9.99%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510964/000119312526151228/0001193125-26-151228-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510964/000119312526151228/cvsi-20260406.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-151228

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer